01—Abstract
Summary
Summary of the 8-K/A filed January 17, 2012. Cited figures are marked; the original filing is the authoritative source.
This Form 8-K/A filing by CBRE Group, Inc. (CBRE) is an amendment to a previous 8-K filed on November 4, 2011.
The primary purpose of this amendment is to provide the necessary financial information related to the acquisition of ING Real Estate Investment Management Holding B.V. (ING REIM), which was previously announced. Investors will find key financial statements for ING REIM, both audited and unaudited, prepared under International Financial Reporting Standards (IFRS).
Additionally, pro forma financial information for CBRE, reflecting the combined entity post-acquisition, is included. This filing is crucial for understanding the financial impact and scale of the ING REIM acquisition on CBRE's overall financial position and future performance.
02—Key points
Key Highlights
- CBRE Group, Inc. is filing an amendment (8-K/A) to a previous report to provide financial details for the acquisition of ING Real Estate Investment Management Holding B.V. (ING REIM).
- The amendment includes combined unaudited financial statements for ING REIM as of June 30, 2011, and for the six months ended June 30, 2011 and 2010, prepared under IFRS.
- Audited financial statements for ING REIM for the year ended December 31, 2010, also prepared under IFRS, are provided.
- Pro forma financial information for CBRE Group, Inc., reflecting the combined entity after the acquisition, is included.
- The earliest event date reported is October 31, 2011, with the filing date of this amendment being January 16, 2012.
- The financial statements for ING REIM are for a foreign business and are prepared using International Financial Reporting Standards (IFRS).
03—Questions
Frequently Asked Questions
What is the main purpose of this 8-K/A filing?
This filing serves as an amendment to a previously filed 8-K report. Its main purpose is to provide the required financial statements and pro forma information related to CBRE's acquisition of ING Real Estate Investment Management Holding B.V. (ING REIM).
What kind of financial information is included for ING REIM?
The filing includes both combined unaudited financial statements for ING REIM as of June 30, 2011, and for the six-month periods ended June 30, 2011 and 2010, as well as combined audited financial statements for the year ended December 31, 2010. These statements are prepared using International Financial Reporting Standards (IFRS).
Does this filing include information about how the acquisition impacts CBRE's financial statements?
Yes, the filing includes unaudited pro forma combined financial information for CBRE Group, Inc. This information aims to show how the company's financial statements would look as if the acquisition of ING REIM had occurred at an earlier specified date.
What accounting standards were used for the ING REIM financial statements?
The financial statements for ING REIM were prepared using International Financial Reporting Standards (IFRS) as adopted by the International Accounting Standards Board (IASB).
04—Continue